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Friday, April 19, 2024 | Back issues
Courthouse News Service Courthouse News Service

Data Privacy

A federal court in California dismissed stockholders’ securities fraud claims against Facebook. The plaintiffs claimed Facebook guaranteed that Cambridge Analytica and “related data-privacy scandals” would not cause the company’s stock prices to drop but knew such statements to be false.

SAN JOSE, Calif. – A federal court in California dismissed stockholders’ securities fraud claims against Facebook. The plaintiffs claimed Facebook guaranteed that Cambridge Analytica and “related data-privacy scandals” would not cause the company’s stock prices to drop but knew such statements to be false.

Categories / Securities

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